- Privately-held Proteros biostructures GmbH has signed an agreement with AstraZeneca Plc AZN to jointly discover and develop novel small molecules for the potential treatment of various types of cancer.
- Under the agreement, AstraZeneca will provide research funding, and Proteros will be eligible for success-based research, development, and commercial milestone payments up to €62 million, as well as tiered royalties on annual net sales.
- Price Action: AZN shares are down 0.5% at $55.98 during the premarket session on the last check Wednesday.
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